Author Archive: Jeremy Parkinson
Great Graphic: Young American Adults Living At Home
This Great Graphic caught our eye (h/t to Gregor Samsa @macromon). It comes from the US Census Department, and shows, by state, the percentage of young American adults (18-34 year-olds). The top map is a snap shot of from 2005. A little more than a quarter of this cohort lived at home. A decade later, and on the other […]
Which Way Wednesday – GDP Edition
To 3(%) or not to 3(%). As you can see from the Fed’s GDPNow forecast, it’s raging ahead of the forecasts of our leading Economorons by a wide margin. Usually, I bet against the Economorons but the Fed is full of them too so it’s a toss-up as to who is likely to be more […]
Gold Reset To $10,000/oz Coming “By January 1, 2018” – Rickards
– Trump could be planning a radical “reboot” of the U.S. dollar – Currency reboot will see leading nations devalue their currencies against gold – New gold price would be nearly 8 times higher at $10,000/oz – Price based on mass exit of foreign governments and investors from the US Dollar – US total debt now […]
Dunkirk In Houston
Watching the widespread devastations in Houston due to what was Hurricane Harvey, has been gut wrenching and now that this storm has regenerated and made a second landfall in Louisiana, just west of the town of Cameron, its impact on lives and property is just starting to be measured. Ordinary citizens in Houston have been […]
Q2 GDP Second Estimate: Real GDP At 3.0%
The Second Estimate for Q2 GDP, to one decimal, came in at 3.0% (3.03% to two decimal places), an increase over 1.2% for the Q1 Third Estimate. Investing.com had a consensus of 2.7%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news release: Real gross domestic product (GDP) increased at an annual […]
RBOB Gasoline Spikes To 25-Month Highs As Harvey Curbs Output
Front-month (Sept) RBOB Gasoline futures traded as high as $1.90 this morning – the highest since July 2015 – as more refiners (including America’s largest) shutdown output due to Harvey’s impact. As Bloomberg reports, America’s largest oil refinery is joining the spate of shut-downs in the face of Tropical Storm Harvey’s apocalyptic rains, potentially reducing U.S. fuel-making capacity to […]
August 2017 ADP Job Growth Is 237,000 – Well Above Expectations
ADP reported non-farm private jobs growth at 237,000. Last month’s employment growth was significantly revised upward. Analyst Opinion of ADP Employment Situation This month the rate of ADPs private employment year-over-year growth remained in the tight range seen over the last year. ADP employment has not been a good predictor of BLS non-farm private job […]
Crude Oil (CL_F) Elliott Wave View: Pullback In Progress
Oil Short Term Elliott Wave suggests that the decline from 8/1 peak is unfolding as a double three Elliott Wave Structure where Minute wave ((w)) ended at 46.46 and Minute wave ((x)) ended at 48.76. Oil has since made a new low below Minute wave ((w)) at 46.46 suggesting the next leg lower has started. Wave ((y)) is […]
Crude Oil Declines Despite Harvey & Falling Inventories
The main question everyone asks nowadays is why are crude oil prices falling? Many traders are asking the same question over and over again, and so far, there is no logical answer for such question. If you are reading this article and you are asking it too, you might get the right answer, even if […]
